The Quantitative Risk Intern will be responsible for helping to develop and maintain Risk/Pricing Models that evaluate counterparty exposures to the Clearing House. These include models related to Pricing, Value-at-Risk, Stress Testing, Liquidity, Regulatory Capital, and also developing tools for Portfolio Analytics (Sensitivities, Risk Reports, Margin Coverage, etc.). This intern will also perform back-testing to ensure the adequacy of margin coverage and model assumptions for existing and new products.

Principal Accountabilities:

• Enhance current python tools to select portfolios, preparing market data, facilitate analysis etc.

• Assist with back testing run and plotting margin results

• Support quant researchers for margin analysis for Futures and Options

• Support daily business of CME new product launch

Skills & Software Requirements:

• Programming languages such as Python, C++/C#, R, VBA and SQL are essential.

• Strong analytical skills

Minimum Qualifications:

• Currently pursuing a Bachelor’s or Master's degree

• Local to New York

Sponsorship Qualifications:

• Please note that our company is unable to provide employment sponsorship for this position and can only consider candidates who are legally authorized to work in the United States without sponsorship assistance (US Citizens, Green Card, CPT, H1B, L etc. accepted).

CME Group is committed to offering a competitive pay package for our employee interns. The pay ranges for this role based on location are: Chicago: $21.68--$36.10 New York/New Jersey: $23.84--$39.71. Actual pay offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education, location of the internship, and the internship area of focus. Through our benefits program, we offer our employee interns the opportunity to participate in select offerings. This includes our comprehensive health coverage and a mental health benefit.

CME Group: Where Futures are Made

CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.